NEW
YORK and HOUSTON,
Oct. 13,
2022 /PRNewswire/ -- DarkPulse, Inc. (OTC Markets:
DPLS) ("DarkPulse" and the "Company"), a technology company focused
on the manufacture, sale, installation, and monitoring of laser
sensing systems based on its patented BOTDA dark-pulse sensor
technology (the "DarkPulse Technology") which provides a data
stream of critical metrics for assessing the health and security of
infrastructure, today announced it has closed the acquisition of an
equity position in Gladstone Acquisition Corp., a Delaware corporation (NASDAQ: GLEE) (the
"SPAC").
Pursuant to the Purchase Agreement with Gladstone Sponsor, LLC,
a Delaware limited liability
company (the "Original Sponsor"), and the SPAC, the Company
purchased 2,623,120 shares of Class B Common Stock and 4,298,496
Private Placement Warrants, each of which is exercisable to
purchase one share of Class A Common Stock from the Original
Sponsor, for $1,500,000 (the
"Purchase Price").
The SPAC is a blank check company incorporated in January 2021 as a Delaware corporation formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
While the SPAC may pursue an acquisition opportunity in any
business, industry, sector or geographical location, it is focusing
on industries that complement its management team's background, and
it intends to capitalize on the ability of its management team to
identify and acquire a business where its management team has
extensive experience.
The SPAC is a "shell company" as defined under the Exchange Act
of 1934, as amended, because it has no operations and nominal
assets consisting almost entirely of cash. The SPAC will not
generate any operating revenues until after the completion of its
initial business combination, at the earliest. To date, the SPAC's
efforts have been limited to organizational activities and
activities related to its initial public offering as well as the
search for a prospective business combination target.
About DarkPulse, Inc.
DarkPulse, Inc. uses advanced laser-based monitoring systems to
provide rapid and accurate monitoring of temperatures, strains and
stresses. The Company's technology excels when applied to live,
dynamic critical infrastructure and structural monitoring,
including pipeline monitoring, perimeter and structural
surveillance, aircraft structural components and mining safety. The
Company's fiber-based monitoring systems can assist markets that
are not currently served, and its unique technology covers extended
areas and any event that is translated into the detection of a
change in strain or temperature. In addition to the Company's
ongoing efforts with respect to the marketing and sales of its
technology products and services to its customers, the Company also
continues to explore potential strategic alliances through joint
venture and licensing opportunities to further expand its global
market position.
For more information, visit www.DarkPulse.com
Safe Harbor Statement
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements, which are based on certain
assumptions and describe our future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "should,"
"could," "seek," "intend," "plan," "goal," "estimate," "anticipate"
or other comparable terms. All statements other than statements of
historical facts included in this news release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to successfully
market our products and services; the acceptance of our products
and services by customers; our continued ability to pay operating
costs and ability to meet demand for our products and services; the
amount and nature of competition from other security and telecom
products and services; the effects of changes in the cybersecurity
and telecom markets; our ability to successfully develop new
products and services; our success establishing and maintaining
collaborative, strategic alliance agreements, licensing and
supplier arrangements; our ability to comply with applicable
regulations; and the other risks and uncertainties described in our
prior filings with the Securities and Exchange Commission. We
undertake no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Media contact:
DarkPulse, Inc.
media@DarkPulse.com
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SOURCE DarkPulse, Inc.